PDD Holdings (PDD) Return on Capital Employed [ROCE] (2018 - 2026)
PDD Holdings (PDD) reported Return on Capital Employed [ROCE] of 22.53% for the quarter ended Jun 30, 2026, down 3.91 percentage points from 26.43% a year earlier and down 0.58 percentage points from the prior quarter.
Powered by 
Analysis
PDD Holdings (PDD) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, PDD Holdings posted Return on Capital Employed [ROCE] of 27.13%, down 18.19 percentage points from the prior year.
- Return on Capital Employed [ROCE] has a five-year change of +56.90 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Return on Capital Employed [ROCE] came in at 45.32% in the year ended Dec 31, 2024 (+4.14 pp), 41.19% in the year ended Dec 31, 2023 (+9.87 pp), 31.31% in the year ended Dec 31, 2022 (+22.16 pp) and 9.15% in the year ended Dec 31, 2021 (+38.92 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the lowest quarterly Return on Capital Employed [ROCE] since the quarter ended Sep 30, 2024.
- Year over year, Return on Capital Employed [ROCE] has now declined in each of the last three quarters, with an average year-over-year change of -1.22 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was the quarter ended Jun 30, 2025 (a gain of 26.39 percentage points); the low point was the quarter ended Sep 30, 2024 (a drop of 31.98 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 23.10% (quarter ended Mar 31, 2026), 23.07% (quarter ended Dec 31, 2025) and 24.63% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 21.49% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 23.74% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 30.16% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 2.77% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 14.37% |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 13.97% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 121.68% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 22.53% |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 19.81% |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 28.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.53% |
| Mar 31, 2026 | 23.10% |
| Dec 31, 2025 | 23.07% |
| Sep 30, 2025 | 24.63% |
| Jun 30, 2025 | 26.43% |
| Mar 31, 2025 | 30.54% |
| Dec 31, 2024 | 35.62% |
| Sep 30, 2024 | 0.05% |
| Jun 30, 2024 | 0.05% |
| Mar 31, 2024 | 37.13% |
| Dec 31, 2023 | 33.86% |
| Sep 30, 2023 | 32.03% |
| Jun 30, 2023 | 29.85% |
| Mar 31, 2023 | 28.69% |
| Dec 31, 2022 | 30.04% |
| Sep 30, 2022 | 24.94% |
| Jun 30, 2022 | 20.55% |
| Mar 31, 2022 | 13.52% |
| Dec 31, 2021 | 8.70% |
| Sep 30, 2021 | 2.70% |
API Access
PDD Holdings Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "PDD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();